Asia and Mideast Petchem Influence to Grow

9:58 AM MDT | July 25, 2007 | Deepti Ramesh

Asia and the Mideast will emerge as the dominant hub of global petrochemical activity over the next 10 years, says Sapan Ray, senior executive v.p./polymers for Reliance Industries (Mumbai). Addressing CW and SRI Consulting’s Middle East Petrochemicals Outlook conference held last month in Dubai, Ray outlined the factors responsible for the growing importance of China, India, and the Mideast in the petchem industry. “The industry is shifting toward [the Mideast] and Asia on the basis of different growth models,” Ray says. “Easy...